Property Overview: 30 Millbrook Lane, Canterbury Park, Winnipeg
Key Characteristics & Appeal
This 1987 bi-level home at 30 Millbrook Lane presents a specific and practical value proposition. Its key characteristic is a renovated basement, adding modern living space to a home with a modest 769 sqft main living area. The lot size of 3,413 sqft is notably above average for its immediate street, offering good outdoor space relative to the neighbourhood.
The primary appeal lies in its position as an efficient, entry-level property. With a below-average assessed value for the area, it represents a more accessible point into the Canterbury Park neighbourhood. It suits first-time buyers seeking a functional starter home with recent updates (the basement), or investors looking for a manageable rental property. The above-average lot size for the lane also offers future potential for expansion or landscaping, a less obvious advantage for a savvy buyer willing to invest in the property over time. It’s a home for those prioritizing location and lot over square footage, who see value in a renovated space and are comfortable with a compact, efficient floor plan.
Frequently Asked Questions
1. Is the home unusually small?
Yes, the living area is below average for the street, neighbourhood, and city. This is reflected in its assessed value and is a key factor in its pricing.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the work done, permits, and the nature of the finished space (e.g., rec room, bedroom, suite potential).
3. How does the assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes compared to higher-valued homes in the same area, which can be a ongoing cost advantage.
4. There's no garage; is there parking?
The listing specifies no garage. Buyers should verify driveway space or on-street parking availability on Millbrook Lane.
5. The home is older; are there major system concerns?
Built in 1987, major components like the roof, furnace, and windows may be near or past their typical lifespan. A thorough home inspection is strongly recommended.